Fiat CEO Marchionne Seeks Ban Of Free Trade To Save EU Auto Industry

Europe's car market will not really recover without EU-led coordination of capacity cuts, Fiat and Chrysler Chief Executive Sergio Marchionne said, in an apparent back-track on comments he made at the Paris auto show last month.

Marchionne, who also heads European automakers association ACEA, has repeatedly called for Europe-wide action on closing plants and cutting jobs, but has faced stiff opposition from rival carmakers that are also members of the industry group.

Renault chief Carlos Ghosn said last month he saw zero chance of a government-led restructuring of the industry.

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